Oriental Holdings / Loh Boon Siew

Oriental Holdings / Loh Boon Siew

Postby winston » Sun Aug 14, 2016 9:46 am

not vested

Boon Siew’s legacy lives on

BY HO WAH FOON

Under Wong’s stewardship, Oriental Holdings saw its revenue surge to RM4.38bil in 2015 from under RM1bil in 1987.

Pre-tax profit rose more than three folds to RM359mil.

For 11 consecutive years, Honda was the number one seller in the local market, overtaking Toyota.

Besides the motor trade, Wong had to oversee the group’s other businesses in hotel and resorts, plantation and construction machinery – both local and international.


The cash position of Oriental Holdings has been piling up – to some RM2.9 billion at end-2015


Is the share of Oriental Holdings undervalued?

Loh: Yes. Its net value per share was RM9.10 at the end of 2015 financial year. We have not re-valued the land and properties of the group. If we do it, the value per share should be more than RM20. (On Thursday, the share ended at RM6.55).

We have been quite consistent in giving dividends twice a year. Last year, we gave gross dividends of 20%.


We are expanding and have gone into healthcare sector.

We have a lot of land bought in the 1960s and 1970s, it may be cheap for us to enter property development.

We are also studying whether we should enter the education and halal food sectors.


He laid down that if any of the six family groups in charge of six different sectors want to sell their share, they must sell to family members and not outsiders.


What is the outlook for 2016 for Oriental Holdings?

Wong: I believe we can maintain our profitability level. Our motor division will still contribute the most to the bottom line of Oriental Holdings.


Source: The Star

http://www.thestar.com.my/news/nation/2 ... hilosophy/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Oriental Holdings / Loh Boon Siew

Postby winston » Sun Aug 14, 2016 9:50 am

The tycoon who kidnappers shun

Source: The Star

http://www.thestar.com.my/news/nation/2 ... pers-shun/
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Re: Oriental Holdings / Loh Boon Siew

Postby winston » Wed Aug 24, 2016 11:51 am

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Re: Oriental Holdings / Loh Boon Siew

Postby winston » Wed Aug 24, 2016 6:42 pm

22 June 2016

Oriental Holdings sells unit to Berjaya Assets for RM32.5mil

PETALING JAYA: Oriental Holdings Bhd is selling its car assembly and automotive parts manufacturing unit to Berjaya Assets Bhd for RM32.5mil.

In a filing with Bursa Malaysia yesterday, Oriental Holdings said the disposal of Oriental Assemblers Sdn Bhd was aligned with the group’s core strategy of streamlining businesses and exiting the automotive assembly operations.

Upon completion, the disposal would allow the automotive division within the group to focus more on the lucrative retail business.

Besides automotive, the group has interests in plantation and had started a healthcare business in January last year.

Oriental Holdings said that the disposal was done via its unit Oriental Rubber & Palm Oil Sdn Bhd together with two minority shareholders to Aroma Kiara Sdn Bhd, which is under Berjaya Assets, the developer of Berjaya Times Square.

Oriental Holdings and Oriental Rubber’s shares, which amounted to 97.98%, were valued at RM31.8mil, while its minority shareholders Datuk Syed Mohamad Syed Murtaza and Datuk Seri Mohd Isahak Mohd Yusuf’s 1.97% and 0.05% stakes, respectively, were sold at a cumulative amount of RM656,500.

Oriental Holdings said the RM32.5mil disposal price was arrived at on a willing buyer, willing seller basis after taking into consideration Oriental Assembler’s net assets as of Oct 31, 2015, which comprised of the assembly licences and the 14.74-acre leasehold land and building located along Jalan Tampoi, Johor Bahru, where the assembly plant is.

Berjaya Assets said the acquisition would enable the group to further enhance its presence in Johor by acquiring the car assembly business together with a piece of 14.74-acre leasehold land.

Oriental Holdings said the exercise is expected to result in an estimated loss of RM6.54mil to the group, but is not expected to result in the group becoming a cash company or a Practice Note 17 company.

It said the disposal is not subject to approval of the group’s shareholders, but is subject to the approval from the International Trade and Industry Ministry.

It is expected to be completed by the end of this year, where Oriental Assemblers would cease to be a subsidiary of Oriental Holdings.

Source: The Star

http://www.thestar.com.my/business/busi ... ya-assets/
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Re: Oriental Holdings / Loh Boon Siew

Postby winston » Sat Jan 14, 2017 8:16 am

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Changing face of Oriental Holdings

BY TEE LIN SAY

The emphasis of the sprawling business being managed by the third generation of the ground founded by the late Tan Sri Loh Boon Siew, aka “Mr Honda”, is on businesses such as property, plantations, investments and healthcare.


Oriental Holdings has a 300-bed fully-integrated hospital in Malacca called the Oriental Melaka Straits Medical Centre. Oriental Holdings operates the hospital through the 51%-owned Melaka Straits Medical Centre Sdn Bhd.


Oriental Holdings’ businesses span countries such as Malaysia, Singapore, Indonesia, Thailand, Vietnam, the United Kingdom, New Zealand and Australia.

The group had combined assets of RM8.55bil with a shareholders’ fund of RM5.65bil as at Sept 30, 2016.

Although it is a fundamentally strong company, its shares have consistently traded below their book value and are also rather illiquid.

One of the contentions for this is that the company is too conservative and is holding too much cash. As of Sept 30, 2016, the company was sitting on a cashpile of RM2.16bil.

At RM6.79, Oriental Holdings’ shares are only trading at 0.74 times the company’s book value.

While it has assets worth RM8.55bil, it only generated a net profit of RM123.83mil for its nine months to Sept 30, 2016, indicating that the company is not working its assets hard enough.

Futhermore, the yields on assets could be lower as a lot of its properties and land have yet to be revalued for years.

Dividends, though, have been on the rise. The stock currently has a yield of some 2.65%, and its dividends have been growing at a rate of 27.23% over the last five years. The company pays dividends three times a year.


Looking at its nine-month results, the automotive business provided the lion’s share of profits, contributing RM2.64bil out of a total revenue of RM3.67bil.

Profit-wise, the auto sector contributed a profit before tax of RM138.36mil vs a total pre-tax profit of RM93.99mil.

Losses were generated in its investment holding, plantation and healthcare units.


Source: The Star

http://www.thestar.com.my/business/busi ... -holdings/
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Re: Oriental Holdings / Loh Boon Siew

Postby winston » Sun Feb 05, 2017 9:45 pm

DATUK LOH KIAN CHONG
Flagship: Oriental Holdings Bhd
Net worth: RM2.4bil

KIAN CHONG, 40, is the grandson of the late Tan Sri Loh Boon Siew, who in his lifetime was the richest man in Penang.

Kian Chong is the executive director of the Penang-based conglomerate, Oriental Holdings Bhd, and had a net worth of RM2.424bil in 2016.

But his net worth was higher at RM2.461bil in 2015, although he occupied the 22nd spot.

This was led by the drop in the share price of Oriental Holdings from RM6.95 a share in 2015 to RM6.80 last year.

Kian Chong’s 57.5% deemed interest in Oriental Holdings is held via the family’s privately-owned companies – Boon Siew Sdn Bhd, Penang Yellow Bus Company Bhd, Bayview Hotel Sdn Bhd, Loh Boon Siew Holdings Sdn Bhd and Loh Kar Bee Holdings Sdn Bhd.

He is the son of Boon Siew’s eldest and only surviving son, Loh Kar Bee.

The Oriental group, started by Boon Siew, famously known as “Mr Honda” by selling cars, has also expanded into investment holdings and financial services, hotels and resorts, property development, automobile and related products, plastics, healthcare and others.

Although Boon Siew was the first to bring the Honda brand into Malaysia, the group lost the sole distributorship of the Honda brands some years ago.

Last June, the automotive business through the car assembly and automotive parts manufacturing unit, Oriental Assemblers Sdn Bhd, was sold to Berjaya Assets Bhd for RM32.5mil.

Oriental Holdings’ Kah Motor Sdn Bhd was the sole distributor of Honda cars until July 2001 when the franchise was taken over by DRB Oriental Honda Sdn Bhd. Kah Motor was made a dealer.

Kian Chong holds the reins of the Boon Siew empire and there is a shift in the business to focus more on the retail business, which has hotels and investment properties in Malaysia, Australia, New Zealand and Britain.

Source: The Star
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Re: Oriental Holdings / Loh Boon Siew

Postby winston » Sun Jun 07, 2020 4:12 pm

vested

3Q, 2020

Revenue: -22%
EPS: -54%
Net Asset Per Share: 2.92

https://www.bursamalaysia.com/market_in ... id=3056539
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Re: Oriental Holdings / Loh Boon Siew

Postby winston » Sun Jul 19, 2020 9:00 pm

vested

Oriental Holdings
Ex-Divs on July 22 (Next Wednesday)
Dividends 0.18
Price: 5.72
Yld 6% pa (Payable Twice Per Year)
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Re: Oriental Holdings / Loh Boon Siew

Postby winston » Sat Jul 25, 2020 1:52 pm

vested

Oriental reported a poor March quarter earnings, where it recorded a pretax loss of RM168m vs RM150.6m profit a year ago.

Part of this was due to forex translation losses on Yen loans but even at the core pretax profit level , they reported a reduced profit of RM66m.

Prospects for its major business segments look poor namely auto distribution that has been impacted by closures of showrooms due to MCO in the 2Q, plantations where recovery in CPO price has been feeble and this division is saddled with JPY borrowings of some RM1.4b.

There are concerns of the weak MYR which means potentially further forex translation losses (although it must be said that Oriental is in a slight net cash position at the moment).

It has hotels businesses that continues to suffer due to travel restrictions.
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Re: Oriental Holdings / Loh Boon Siew

Postby winston » Thu Nov 26, 2020 9:22 pm

vested

3Q Results

Revenue: -25%
EPS: -85%
RNAV: 10.30

https://www.bursamalaysia.com/market_in ... id=3108664
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